IRB Infrastructure Developers reports 9% rise in Q4 consolidated net profit

IRB Infrastructure Developers has reported results for the fourth quarter and year ended March 31, 2016. 

The company has posted over seven fold jump in its net profit at Rs 94.37 crore for the quarter ended March 31, 2016 as compared to Rs 12.32 crore for the same quarter in the previous year. Total income of the company has increased by 83.53% at Rs 972.66 crore for quarter under review as compared to Rs 529.96 crore for the quarter ended March 31, 2015. 

On consolidated basis, the company has posted a rise of 9.37% in its net profit at Rs 151.16 crore for the quarter ended March 31, 2016 as compared to Rs 138.21 crore for the corresponding quarter in the FY15. Total income of the company increased by 54.07% at Rs 1571.20 crore for quarter under review as compared to Rs 1019.78 crore for the same quarter ended previous year.

For the year ended March 31, 2016, the company has posted over a 2 fold jump in its net profit at Rs 324.91 crore as compared to Rs 138.32 crore for the same period in the previous year. Total income of company increased 43.71% at Rs 3160.61 crore for year under review as compared to Rs 2199.31 crore for the period ended March 31, 2015.

For the year ended March 31, 2016, on the consolidated basis, the company has posted a rise of 17.12% in its net profit at Rs 635.82 crore as compared to Rs 542.90 crore for the same period in the previous year. Total income of company has increased by 32.62% at Rs 5254.14 crore for year under review as compared to Rs 3961.88 crore for the period ended March 31, 2015.